Economic Activity
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Mortgage rates for 30-year U.S. loans rise to a 6-mo. high
U.S. mortgage rates for 30-year loans rose to a six-month high after stronger-than-expected employment growth drove up yields for the government securities that guide home loans. more
Foreclosure filings drop in 4Q, ’12
A new report from HousingWorks RI showed that 11.2 percent fewer residential foreclosure deeds were filed in Rhode Island during the fourth quarter of 2012 compared with the fourth quarter of 2011 and 36 percent fewer compared with the fourth quarter of 2009. more
| 3/14/13
Consumer comfort in U.S. improves to highest level since April
Confidence among U.S. consumers climbed for a sixth straight week to the highest level since April as a rally in stock prices and improving job market boosted Americans’ view of their finances. more
RIF funds 12 in Make It Happen initiative
The Rhode Island Foundation has awarded $630,000 to 12 action-oriented projects in the Make It Happen RI initiative. The foundation identified projects that had visionary goals, from connecting manufacturers to expand the in-state supply chain to pushing the spectrum of Ocean State architects and other designers more broadly into the global marketplace. more
Hasbro named among ‘most ethical companies’ for 2nd consecutive year
Toy and game-maker Hasbro Inc. earned the title as one of The Ethisphere Institute’s “World’s Most Ethical Companies” for the second consecutive year, Hasbro announced Wednesday. more
| 3/13/13
Sales at U.S. retailers advance by most in 5 months
Sales at U.S. retailers rose in February by the most in five months as an improved job market and stronger household finances cushioned the effect of higher payroll taxes. more
R.I exports saw ‘banner year’ in 2012
Rhode Island was one of 29 states to achieve record export growth in 2012 with a 4.1 percent increase over 2011, Gov. Lincoln D. Chafee announced Tuesday. more
| 3/12/13
Owner of Yankee Candle prepares to sell
The Yankee Candle Co., the largest producer of scented candles in the United States, is currently in the preliminary stages of sale by owner Madison Dearborn Partners, the Reuters News Agency reported Monday. more
| 3/12/13
Martha’s Vineyard radio to remain on R.I. airwaves
An agreement between Martha’s Vineyard’s once Internet-exclusive mvyradio.com and Rhode Island Public Radio will allow the Massachusetts-based station to continue operating on its Newport signal, reaching listeners on the surrounding Aquidneck Island and town of Narragansett. more
Israel poised for R.I. exports, expert says
Israel remains the Middle Eastern country most primed for U.S. exports and Rhode Island companies wanting to get in on overseas trading should seize any opportunity to do so, advises Atid EDI Ltd., a Jerusalem-based firm that specializes in market research and trade development for the Middle East region. more
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